Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-04-29
MIA. ADAMS DISPLEASED.
He Meant 1t When He Said He Didn,t
Examine the Union Pacific Books

He Meant Ii When He Said He Didn't
Examine the Union Pacific Books.
NEW YORK, April 29,-At the opening Of bust
ness before the Pacific Railroad Investigating
commission to-day, President Chaa Francis
Adams, OF the Union Pacific, who Is the
to make said 81 sSsa
there was q disposition on the part OF
some So ne OF the newspapers in giving an account
testimony Of yesterday that he had not examined
wished to say. that he was no bookkeeper. BE
He presumed Gov. Pattison, while governor, did
not actually examine the accounts OF the Treasury
Department. he could not, OF course, examine the
DOCKS 1ntelligently. He
MUST PUT HIS FAITH IN SOME ONE
ana take his word for many things Then the ex-
animation was resumed. MI. Adams was inter.
The Omaha and Nebraska road is an agricultural
road, and is as connection Of the Union Pacific
pScaa Sgp SYSTEM The pa{ the
ciflc and connects With the Oregon Navl-
Of road e Sa e ta bot
was supposed at this time that the Northern Pa
ctfc would not be completed In many years. This
gon tranc, which was very valuable But Mr.
Willard came upon the scene, and the Northern
Pacific was completed nrst.
IL was unan1mity in the board in favor OF the
this road, and 1t was planned In 1873. TherOad is
6lO miles long, and runs along the valley OF the
Bear River, through grazing, farming and noun
lava bed for several hundred miles; through a
mining country, and then into an agricultural
country about Boise City.
ONLY sAGR-BRUSH GROWS
IN the lava beds. Although there no agriculture
there, as the sage-brush indicates fertile soil
there could easily be agricultural products raised.
lhdeed the witness regarded that section as the
most promising territory In the country.
inc road cost between SIC, 600 and $50 600 mile,
fully equipped 1t could be built for less than that
now. 1t was built at the rate OF $25 900 per mile
and stock the same. The stock holders OF the
Union Pacific took all the bonds and one-half the
stock The other half OF the stock is in the Union
Pacific vaults.
81 900 bond and $500 worth Of stock were sold
tOr $1,000. The road is great feeder to the Union
Paclhc The Union Pacific has $50 miles haul On
everything that comes over that road or goes over
It, These shipments include all varieties OF trans
continental goods
Mr.. Adams could not tell bow great population
was tributary to this road. The country was
sparsely settled except about Boise City. But 1t
Is increasing IN population very rapidly.
RAILROAD BUILDING CHEAP NOW.
All roads in the West can be built for 80 per cent
less now than they could five or six years ago, the
prices OF material having gona down and
artificial values in the West having subsidized.
The The -. Union , Pacific n had had guaranteed
the advice OF Sidney Bartlett Judge JnO. j. Dillon,
and other counsel OF the road. They maintained
OF advised that 1t was legitimate without the con-
sent OF Congress.
Governor Pattison said that the act of Congress
stated "that the roads shall not Issue or guarantee
an issue Of bonds Without the permission Of Con-
gress."
Mr.. Adams said he knew that, but he obtained
yer, and must be guided by them. He was an
onlcer and was aware that II he made himself
liable he must suffer the penalty.